Tag: adt

ADT is being acquired by Apollo for $6.9 billion

ADT acquired by Apollo for 6.9 billion dollars

ADT, the home and business security systems provider, is being acquired by the private equity firm Apollo Global Management for $6.9 billion dollars, that is $42 per share, in the largest leveraged buyout so far this year. ADT currently has 6.5 million customers and Apollo intends to merge them with Protection 1 and ASG Security, two other security companies that the will all operate largely under the ADT name.

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